Status quo budget

Status quo budget · Passed 21 Feb 2024

✅ Passed

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 25%
Personal income tax: Medium earners 25%
Personal income tax: High earners 25%
Personal income tax: Elite earners 25%

Annual Spending

Category $ per capita Amount
Social Welfare $978 $8.7bn
Retirement $3,427 $30.5bn
Healthcare $2,449 $21.8bn
Education $1,472 $13.1bn
Housing $494 $4.4bn
Justice, Police & Internal Security $607 $5.4bn
Defence $854 $7.6bn
Environment & Climate $247 $2.2bn
Business Support $371 $3.3bn
Arts, Culture & Media $247 $2.2bn
Foreign Aid $247 $2.2bn
Roads & Highways $305 $2.7bn
Public Transport & Rail $244 $2.2bn
Energy Infrastructure $183 $1.6bn
Ports & Airports $122 $1.1bn
Total $109.0bn
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